Full Year 2025 Kamux Oyj Earnings Call Transcript
Key Points
- Kamux Corp (FRA:4K8) maintained its position as the market leader in Finland, selling the most used cars despite a challenging year.
- Customer satisfaction improved significantly, with the Net Promoter Score (NPS) reaching 66 by year-end, surpassing their long-term target.
- Gross margin improved to 8.7% despite a decrease in gross profit, indicating better cost management.
- The company successfully reduced its inventory by 23%, which is 10% more than the revenue decrease, improving cash flow and inventory turnover.
- Kamux Corp (FRA:4K8) announced an extension to its share buyback program, indicating confidence in its financial position and future prospects.
- Kamux Corp (FRA:4K8) experienced a 13% decrease in revenue, marking the first decline in its 22-year history.
- Volumes declined by 10% in Finland, contributing significantly to the overall revenue decrease.
- The company faced challenges in Germany, with a weaker gross profit and gross margin due to inventory cleaning and price reductions.
- Operating expenses increased in Sweden and Germany during Q4, impacting overall profitability.
- The company reported a negative adjusted operating result, influenced by lower volumes and termination costs of the CEO contract.
Good morning. Welcome to Kamux's Q4 2025 results information sessions. My name is Katariina Hietaranta. I'm Kamux's Head of Investor Relations, and I'm here with our CEO, Juha Kalliokoski; and CFO, Enel Sintonen, who will present to you the results. Please go ahead, Juha.
Good morning. Thank you, Katariina. Let's get started. Here is our agenda for presentation. As usual, we shall first take a brief look at the market, followed by a review by country. Enel will then dive deeper into the financial development, including our outlook for 2026. She will also present the board's dividend proposal and the extension in our share buyback program that was announced this morning.
As usual, we will take the questions at the end. 2025 was a tough year for Kamux, and obviously, we are not satisfied with the results. Last year was the first year in Kamux's 22 years of
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